DocumentCode
2323574
Title
Research on Bertrand dual-oligopoly dynamic game model
Author
Chen, Jizhi
Author_Institution
Bus. Sch., Hohai Univ., Nanjing, China
Volume
1
fYear
2010
fDate
9-10 Jan. 2010
Firstpage
226
Lastpage
229
Abstract
By difference equation, we study the equilibrium solution and the dynamic change process of the Bertrand price competition model under the same condition of duopolistic market cost, give the model of dynamic change, come to the conclusion that whatever manufactures choose about price the equilibrium solution only exists, and prove that the manufacture´s price change process must be the monotonic process, and develop relative conclusions of the Bertrand model.
Keywords
game theory; oligopoly; pricing; Bertrand dual-oligopoly dynamic game model; Bertrand price competition model; difference equation; duopolistic market cost; dynamic change process; equilibrium solution; manufacture price change process; Cost function; Difference equations; Electronic mail; Manufacturing processes; Nash equilibrium; Oligopoly; Packaging; Production; Reflection; Virtual manufacturing; Bertrand Model; Dynamic Change; Equilibrium; Price;
fLanguage
English
Publisher
ieee
Conference_Titel
Logistics Systems and Intelligent Management, 2010 International Conference on
Conference_Location
Harbin
Print_ISBN
978-1-4244-7331-1
Type
conf
DOI
10.1109/ICLSIM.2010.5461433
Filename
5461433
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